how will tesla (tsla) stock respond to panasonic (pcrfy) gigafactory agreement? - lithium ion cell
NEW YORK (TheStreet)--
Tesla Motors(TSLA -Get Report)andPanasonic (PCRFY)
Basic Agreement has been reached on Panasonic's participation in the Ji processing plant, the main battery plant Tesla plans to build in the United StatesS.
The Nikkei News reported.
Tesla expects the first phase of construction to begin this fiscal year.
Production of lithium will begin.
Tesla's 2017 ion battery.
Nikkei News says the automaker is taking on the cost of land and construction.
Panasonic is likely to invest 20 billion to 30 billion yen ($194-291 million)
Initially, it was responsible for the machine that was equipped with batteries for the factory.
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The capacity of the Gigabit plant will be increased in stages to meet the demand, with the goal of producing enough batteries in 2020 to equip 500,000 electric vehicles per year.
The total investment is expected to reach $5 billion, Panasonic's share may reach $1 billion, and Tesla's Nikkei bill shares will decline slightly after that. hours trading.
The street rating team rated Tesla Motors as C-.
For their suggestion, the street rating team said: "We have a view of Tesla Motors (TSLA)a HOLD.
The main factors that affect our rating include some factors that show strength, some factors that show weakness, and there is little evidence that this stock is reasonable relative to the positive or negative performance of most other stocks.
The company's strengths are reflected in a number of areas, such as its steady share price performance, revenue growth and significant return on equity.
In contrast to these advantages, however, we have also found some weaknesses, including the inconspicuous growth of net income, weak operating cash flow and poor profit margins.
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